You are given the following estimated per share data related to the S&P Industrials Index for the year 2015: Sales $1,450 Depreciation $58 Interest Expense $28 Suppose the estimated Operating Profit (EBIT) margin is 12% and the tax rate is 32%. a) Compute the estimated Earnings Per Share for 2015. (6 marks) b) Assume that further, the Dividend Earnings ratio is 55%, the Nominal Risk Free Rate is 9%, the Risk Premium is 4% and the ROE is 13%. Calculate the intrinsic market value of the S&P Industrials Index in the year 2015. (10 marks)